Govt plans to assist private investors

Reduced momentum shows effect of economic downturn

The National Development and Reform Commission said on Monday that government investment has not crowded out private investors, and the central authorities will make every effort to facilitate private investment.

According to the National Bureau of Statistics, private fixed-asset investment in the first half of the year hit a record low growth rate of 2.8 percent year-on-year, a sharp decline from 10.1 percent in December. The share of private fixed-asset investment in total national fixed-asset investment from January to June also dropped by 3.6 percentage points compared with a year ago.